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REGISTERED NUMBER: 04815792 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2023

for

The Vault (Buxton) Limited

The Vault (Buxton) Limited (Registered number: 04815792)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


The Vault (Buxton) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: L & J Venture Holdings Ltd
C Short





REGISTERED OFFICE: 1 Swan Street
Wilmslow
Cheshire
SK9 1HF





REGISTERED NUMBER: 04815792 (England and Wales)





ACCOUNTANTS: Langricks Limited
1 Swan Street
Wilmslow
Cheshire
SK9 1HF

The Vault (Buxton) Limited (Registered number: 04815792)

Report of the Directors
for the Year Ended 31 August 2023

The directors present their report with the financial statements of the company for the year ended 31 August 2023.

DIRECTORS
C Short has held office during the whole of the period from 1 September 2022 to the date of this report.

Other changes in directors holding office are as follows:

L & J Venture Holdings Ltd - appointed 19 April 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Director


20 February 2024

The Vault (Buxton) Limited (Registered number: 04815792)

Income Statement
for the Year Ended 31 August 2023

31.8.23 31.8.22
Notes £    £   

TURNOVER 631,664 563,577

Cost of sales (248,906 ) (194,867 )
GROSS PROFIT 382,758 368,710

Administrative expenses (366,730 ) (318,869 )
16,028 49,841

Other operating income 11,606 4,480
OPERATING PROFIT 4 27,634 54,321


Interest payable and similar expenses (1,185 ) (284 )
PROFIT BEFORE TAXATION 26,449 54,037

Tax on profit (6,631 ) -
PROFIT FOR THE FINANCIAL YEAR 19,818 54,037

The Vault (Buxton) Limited (Registered number: 04815792)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 34,902 39,944

CURRENT ASSETS
Stocks 8,988 15,557
Cash at bank and in hand 59,192 38,584
68,180 54,141
CREDITORS
Amounts falling due within one year 6 (99,803 ) (116,805 )
NET CURRENT LIABILITIES (31,623 ) (62,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,279

(22,720

)

CREDITORS
Amounts falling due after more than one
year

7

(41,503

)

(41,951

)

PROVISIONS FOR LIABILITIES (6,631 ) -
NET LIABILITIES (44,855 ) (64,671 )

CAPITAL AND RESERVES
Called up share capital 4 6
Retained earnings (44,859 ) (64,677 )
(44,855 ) (64,671 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Vault (Buxton) Limited (Registered number: 04815792)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





C Short - Director


The Vault (Buxton) Limited (Registered number: 04815792)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

The Vault (Buxton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 16 ) .

The Vault (Buxton) Limited (Registered number: 04815792)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

31.8.23 31.8.22
£    £   
Depreciation - owned assets 14,217 13,294

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 210,073
Additions 9,175
At 31 August 2023 219,248
DEPRECIATION
At 1 September 2022 170,129
Charge for year 14,217
At 31 August 2023 184,346
NET BOOK VALUE
At 31 August 2023 34,902
At 31 August 2022 39,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 8,334 8,334
Trade creditors 17,702 15,399
Taxation and social security 33,457 21,906
Other creditors 40,310 71,166
99,803 116,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 41,503 41,951